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$ 351,655
Est. payment | /mo
18 SqFt
$ 351,655
Est. payment | /mo
18 SqFt
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 18 sqft
Price per Sqft $19,536
Subdivision Rural Caledon
MLS® Listing ID W11913567
Originating Board Toronto Regional Real Estate Board
Property Description
Welcome To The World Of Endless Possibilities - Envision 27 To 37 Residential Detached Homes |OR| 120 Residential Townhomes |OR| Commercial Retail Plaza Close To A Major Intersection In The Heart of Caledon - On Charleston Side Road In between Mississauga Road and Winston Churchill Blvd. & Minutes Drive to Erin Glen New Sub-Division Under Construction By Three Builders - Cachet Homes, Solmar Development & Lakeview Homes. Caledon Is a Developing Urban Area With A Rural Feel And Open Caledon Has A Clear Roadmap For Growth With Major Highways Proposed In The Coming Years. Offering An Opportunity In The Form Of Clear 18.848 Acres Of Land With No Trees/Bushes Or Water, Close To The Main Intersection And Fronting To Highway 24 (Charleston Side Road). This Presents An Amazing Opportunity For Builders And Investors To Apply For Zoning Changes To Either: R1 (Residential 1): Allowing For The Development Of Approximately 27 To 37 Detached Homes With A Minimum Lot Size Of 7,500 Sq Ft Per Home. Assumes 25% To 35% Of The Area For Buildings, With The Remaining Reserved For Landscaping, Roads, Utilities, And Other Infrastructure. Estimated Average Per Lot Cost: $241K. R2 (Residential 2): Similar Development Potential As R1 With Slight Variations In Zoning Guidelines Based On Local Regulations.RT (Residential Townhomes): Enabling The Construction Of Approximately 120 Townhomes With A Minimum Lot Size Of 2,000 Sq Ft Per Townhome. Assumes 30% Of The Area For Buildings, With The Remaining Reserved For Landscaping, Roads, Utilities & Other Infrastructure. Estimated Average Per TH Cost: $55K Per Door. Commercial Zoning: A Future Opportunity To Develop A Commercial Retail Plaza, Catering To The Growing Needs Of Caledons Expanding Population And Strategic Location Near A Major Intersection. This Land Is Perfectly Positioned To Cater To The Diverse & Expanding Needs Of Population. Whether Residential Or Commercial. Vendor Take Back Option Available On Case-To-Case Basis **EXTRAS** Area: 8 (id:24570)
Location
Province ON
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by RE/MAX GOLD REALTY INC.
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